S.Africa: Demand for houses on the rise

Demand for residential property increased in the first quarter of 2013, according to the FNB Estate Agent Survey released on Tuesday. The indicator for demand in the survey rose from the previous 5.89 to 6.57, FNB household and consumer strategist John Loos said.
“This is the highest level since the first quarter of 2007, which was just prior the big slump in the residential property market,” he said. On seasonally adjusted data, the demand rating also rose from a previous quarter’s six to 6.26 in the first quarter of 2013, the highest level since the first quarter of 2007………………………………………..Full Article: Source